New Delhi, June 25 -- India's state-owned insurer, Life Insurance Corporation of India (LIC), on 24 June, informed the stock exchanges of a change in its senior management, with Chief Financial Officer (CFO) Sunil Agrawal resigning after more than four years with LIC. Notably, the resignation comes just months after LIC extended Agrawal's tenure as CFO.

In a regulatory filing, LIC said that Agrawal's resignation will be effective from the close of business hours on 14 July, when he will cease to be the CFO and Key Managerial Personnel of the Corporation. The reason cited for the resignation was "better prospects."

Agrawal joined LIC in March 2022 during a crucial phase when the insurer was gearing up for its stock market debut. Before j...